Heres the insto's one.. a better chart.. with a severe warning at the end to all of us!!
1. Long Term Trending Fed. Liquidity and Foreign Liquidity Inflows ...
Today's Reading: The Long term Liquidity dropped back down to slight contraction which means high volatility and risk levels are still in play.
Conclusion: Note that the Fed.'s injections did not go into the stock market on Friday because the market liquidity went down. NYA Momentum and Relative Strength remain negative, so this confirms that the overall market condition remains weak and to the downside.
Indicator Explanation: Long Term Liquidity is a measurement of Liquidity Injections flowing into the market from M3 and Foreign sources. Liquidity Expansion means that money inflows are at an expansionary rate which drives the market up. Decelerating Expansion is when the rate of inflows are decreasing while still net positive. Liquidity Contraction means that money inflows are being withdrawn from the markets at a level which is "net negative", and when this happens, the contraction results in a correction or pull back.
2. Actual raw Institutional Buying and Selling that the Net is calculated from ...
Today's Reading: a.) Institutional Buying & Selling: Buying went up slightly, and Selling increased with a Negative NET differential indicating distribution.
Conclusion: Institutions remain in Net distribution. The gap is closing, but distribution is distribution ... which means net outflows. The increased amount of buying might be saying that the selling is past the half way point, but future sub-prime loss announcements could change this quickly as institutions find themselves re-evaluating the situation
3: Institutional NET Buying and Selling Volume levels ...
Today's Reading: a.) "NET" Institutional Buying & Selling was in "distribution" yesterday with a net inflow of -337 million. b.) The fast, 3/6 Exponential moving Average (EMA) is still deeply negative but the 3/6 EMAs are moving up slowly on a short term upside bias. c.) The slow 14/21 Exponential moving Average (EMA) is moving down and in negative territory
Conclusion: Institutions remain in distribution. Net buying/selling by Institutions is lessening some, but remains negative. (Look at the two circled areas of past distributions and observe the price movements on the NYA Index. The market DID NOT move straight up after being at these levels. It retested the bottom or made a lower bottom. Conservative investors should remain in cash while Institutions are still in NET distribution.)
Model Explanation: Below is the NET levels of Institutional Accumulation and Distribution for U.S. and Foreign action combined. Institutions trade over 50% of the daily volume in the markets so the stock market depends on their support. When Institutions are in Accumulation, they drive the market up. When Institutions are in Distribution, smaller investors are not able to keep the market up on their own due to insufficient buying against huge selling by Institutions.
4: Institutional Index
Today's Reading: The value of the top 75 Institutional "core holdings" closed down, with the index above its major support (red line) and its shorter term support (blue line).
Conclusion: Although we are seeing this drop as a correction, the Institutional index has NOT dropped below its 1 year major support. I do expect the index to test the support fairly soon. So far, the Institutional index is still in a bull market move. If we drop below support, then the markets will have a very serious problem.
(20min delay)